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Airlines M&A image Airlines M&A » By The Online Investor Staff, updated Fri., Apr. 19, 2:58 AM Recent mergers and acquisitions in the Airlines M&A category.

Slide #9. XPO Logistics, Inc. Pacer International

Acquirer: XPO Logistics, Inc. (XPO)
Acquiree: Pacer International (PACR)
Details: XPO Logistics, Inc. ("XPO Logistics" or "XPO") (NYSE:XPO) and Pacer International, Inc. ("Pacer") (NASDAQ:PACR) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Pacer, the third largest provider of intermodal transportation services in North America. The combined company will continue to trade on the New York Stock Exchange under the symbol XPO.

XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.

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XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.

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Company Name:  XPO Inc
Stock buyback:  XPO buyback
Website:  www.xpo.com
Sector:  Airlines
Number of ETFs Holding XPO:  64
Total Market Value Held by ETFs:  $2.24B
Total Market Capitalization:  $14.20B
% of Market Cap. Held by ETFs:  15.80%
Company Name:  Pacer International Inc
Website:  www.pacer.com
Sector:  Air Services Other
 

April 19, 2024    2:58 AM Eastern
Quotes delayed 20 minutes

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